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Russia almost completed transition to national currencies in payments to CIS, China
Deputy Prime Minister Alexey Overchuk said the issue of creating a system of payments and settlements not depending on the banking service and currencies of Western countries is the critical area of Eurasian cooperation
Restoration of EGA aluminum smelter in UAE after Iranian attack may take up to 12 months
The Al Taweelah complex, which includes a smelter, power plant, and alumina production and processing plants, was completely evacuated, and operations were urgently halted
Mystery London Lotto winner loses £10m jackpot after missing deadline
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The petrol crisis that could electrify Pakistan
The impact of the ongoing US-Iran war on ordinary Pakistani households and business is already being felt. With petrol at Rs458 per litre and diesel at over Rs520, citizens are going to be facing real challenges once more. For a country that only recently suffered inflation rates that peaked at 40 p...
What now? Investors talk strategy after Trump offers no indication of Iran cooldown
FORSUBSCRIBERSMarketsWhat now? Investors talk strategy after Trump offers no indication of Iran cooldownSell and wait or buy and hope? Some institutional investors are advising their clients to be patient in hopes of a clearer way forward.Listen to this article00:0000:00A trader works on the floor of the New York Stock Exchange on April 2, 2026. Charly Triballeau / AFP via Getty ImagesShareAdd NBC News to GoogleApril 3, 2026, 1:00 PM EDTBy Rob WileStay invested — but start lowering your expectat...
What now? Investors talk strategy after Trump offers no indication of Iran cooldown
FORSUBSCRIBERSMarketsWhat now? Investors talk strategy after Trump offers no indication of Iran cooldownSell and wait or buy and hope? Some institutional investors are advising their clients to be patient in hopes of a clearer way forward.Listen to this article00:0000:00A trader works on the floor of the New York Stock Exchange on April 2, 2026. Charly Triballeau / AFP via Getty ImagesShareAdd NBC News to GoogleApril 3, 2026, 1:00 PM EDTBy Rob WileStay invested — but start lowering your expectat...
Is a HELOC or a home equity loan the better option this April?
MoneyWatch: Managing Your Money Is a HELOC or a home equity loan the better option this April? We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes...
Jeffries: ‘What Trump has done is decimate the bank accounts of the American people’
House Minority Leader Hakeem Jeffries blasted President Trump at a Democratic National Committee briefing, saying his policies have hurt Americans’ wallets and livelihoods. “Donald Trump has not managed to liberate the economy,” Jeffries said. “What Donald Trump has done is decimate the bank accounts of the American people.” Democratic lawmakers and DNC leaders held a…
Price of popular Easter chocolate treat jumps 15 times faster than inflation
EXCLUSIVE: Price of popular Easter chocolate treat jumps 15 times faster than inflationResearch has shown that the cost of chocolate goodies - and other Easter food - has soared in price in the past year in yet another blow to hard-pressed family budgetsMoneyGraham Hiscott Business and Consumer Editor17:54, 03 Apr 2026Updated 17:56, 03 Apr 2026This article contains affiliate links, we will receive a commission on any sales we generate from it. Learn moreView 3 ImagesThe cost of an Easter egg hun...
Opposition slams fuel price surge
Opposition parties including the PTI and the JI on Friday reacted sharply to the latest "unjustified" hike in petroleum prices. The former announced holding an all-parties conference (APC) and the latter threatened to launch a street movement. The government on Thursday increased the petrol price by Rs137 per litre, or 43%, to a historic high of Rs458.4 after Prime Minister Shehbaz Sharif decided to impose more taxes on consumers due to a fuel crisis amid a war in the Persian Gul...
Fuel hike may trigger power tariff rise
Federal Minister for Power Awais Leghari has indicated a possible increase in electricity prices following the recent surge in petroleum rates. According to the minister, consultations are underway to introduce energy-saving measures, including revised market timings. In a statement posted on social media platform X on Friday, the minister said the ongoing energy crisis is not limited to oil but also affects gas and furnace oil supplies, which could in turn impact electricity tariffs. He...
PM freezes Pakistan Railways fares
On Friday, Prime Minister Shehbaz Sharif granted major relief to railway passengers by directing Pakistan Railways to freeze fares despite rising diesel costs. The government will shoulder an additional Rs6 billion until June 30 to keep travel affordable and freight charges stable. According to a PR spokesman, the government chose to absorb the impact of rising diesel prices itself "after a 30 percent fare hike was deemed unavoidable to meet operational expenses". The prime mini...
Govt holds back increase in toll tax
The federal government has scrapped a proposed quarterly increase in toll taxes on roads, stepping back from a decision that risked compounding financial strain on motorists already grappling with high fuel costs and inflationary pressure across the country. The move was formalised after Communications Minister Aleem Khan, while acting on the directives of Prime Minister Shehbaz Sharif, instructed the National Highway Authority (NHA) to withdraw its April 1 notification, which had schedule...
US defense spending would rise $445bn under Trump budget plan, with steep cuts elsewhere
Democrats rebuke White House’s ‘bleak and unacceptable’ view of priorities after 10% cuts proposed to other programsUS politics live – latest updatesSign up for the Breaking News US newsletter emailDefense spending would surge to its highest level in decades under a budget proposal put forward by the Trump administration on Friday, while other government programs would face cuts totaling 10%.The document prepared by the White House office of management and budget (OMB) is a starting point for ne...
Trump reups push to eliminate low-income heating assistance program LIHEAP
President Trump is once again proposing to eliminate a program that helps low-income people heat and cool their homes. The president’s budget, released Friday, states that the Low Income Home Energy Assistance Program (LIHEAP) should be cut. “For the sixth time, the Budget proposes to end this program,” it said, adding that Trump’s agenda should…
Abu Dhabi aluminium complex recovery could take up to 12 months
Abu Dhabi: Emirates Global Aluminium (EGA) has said its Al Taweelah site sustained significant damage following recent Iranian missile and drone attacks, with full restoration of primary aluminium production likely to take up to 12 months.In an initial assessment released on Friday, the company confirmed that the sprawling industrial complex at Khalifa Economic Zone Abu Dhabi (KEZAD) was fully evacuated, and all facilities were placed under emergency shutdown procedures.The Al Taweelah site — o...
Bloomberg Surveillance 4/3/2026
Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern speak daily with leaders and decision makers from Wall Street to Washington and beyond. No other program better positions investors and executives for the trading day. (Source: Bloomberg)
Is the gold rally over? 3 things to consider now
MoneyWatch: Managing Your Money Is the gold rally over? 3 things to consider now We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Angelica Leicht Angelica Leicht Senior Editor, Managing Your Money Angelica Leicht is the senior editor for the Managing Your Money section for CBSNews.com, where she writes and edits art...
Rising fuel costs hit Sindh fishermen hard
Soaring diesel and petrol prices are putting Sindh's fishing community under severe strain, forcing some small-scale fishermen to halt operations and raising fears of widening poverty along the province's coastal belt. Fishermen from Keamari, Ibrahim Hyderi, Rehri Goth, and other coastal areas report that rising fuel prices have sharply increased the cost of operating fishing boats, most of which rely heavily on diesel for sea expeditions. According to Ibrahim Hyderi spokesperson...
Provinces take the lead in doling out fuel subsidies following petrol price shock
ISLAMABAD: Coordinated by the Centre, the provincial governments will now be taking the lead in administering subsidised fuel quotas to motorcyclists, farmers and transporters, involving a fiscal impact of around Rs65-70 billion per month. On Thursday night, while announcing an unprecedented hike in the prices of petroleum products, the federal government had also announced targeted relief measures for motorcyclists, small farmers and transporters. To ensure national uniformity, the provincial c...